Stocks Revert Back to Red Ink as Tech Stocks Flip Flop

All three major indexes finished in the red today, though off their session lows. Tech stocks with AI exposure -- namely Nvidia (NVDA) and Palantir Technologies (PLTR) -- continued to drive price action on Wall Street, moving lower today and sending the Nasdaq down 445 points. The Dow gave back 397 points to breach 47,000, while the S&P 500 finished firmly lower as well.

Grim jobs data from Challenger is also weighing on investors, after layoffs saw a 183% surge from September and 175% jump year over year. In response, the Cboe Volatility Index (VIX) marked its highest close in nearly three weeks. 

Continue reading for more on today's market, including:

• Social media stock on the move again.
• Satellite stock struggling as earnings loom.
• Plus, two software stocks in focus; and a survey to fill out.

Gold Back En Vogue as Safe-Haven Demand Rises

Oil prices finished in the red as well, as oversupply concerns, Ukraine strikes on Russia refineries, and a large U.S. crude stock build all worry investors. December-dated West Texas Intermediate (WTI) crude lost $1.62, or 0.3%, to settle at $61.05 per barrel.

Gold prices stabilized thanks to a weaker dollar and renewed safe-haven appeal. December-dated gold futures finished marginally higher to settle at $3,991 an ounce.